GameStop Corp. is ending the week close to where it started, after an earnings-related selloff was quickly reversed, with retail investors refusing to let go of their commitment to the stock.
Investors were quick to get over GameStop’s 12th consecutive quarter of slowing sales and management’s decision to not take questions on its earnings call on Tuesday, despite warnings from most Wall Street analysts.
More than $6.4 billion in market value was whipsawed from Monday’s intraday high to a bottom of $118.62 on Wednesday.
That tumultuous ride lives on as the week draws to an end. The stock initially jumped as much as 19% on Friday before erasing gains
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